Posted by Daniel DeBolt
a resident of Old Mountain View
on Nov 26, 2008 at 5:44 pmDaniel DeBolt is a registered user.

The numbers were indeed incorrect and have been fixed. The original numbers were from a broker who included town homes in the "condo" category. Town homes have actually gone up in value, the broker says.

Posted by Richard
a resident of Castro City
on Nov 26, 2008 at 9:15 pm

This is unsustaniable. Unless each person in a two-income household makes $250K each, once the downturn really kicks into gear, which his highly likely, these $900K townhomes will go into a quick sale or foreclosure... all it takes is one person to get laid off and whammo.

Posted by Scott
a resident of North Whisman
on Nov 28, 2008 at 4:32 pm

Homes have lost some value, but overall MV is doing quite well by comparison. While some homes are staying on the market longer, that should surprise no one. It is a buyers market. My wife and I purchased our MV home on 02 and our equity is still holding up quite well. I’m simply seeing no evidence of the doom and gloom Richard seems interested in promoting.